Early access. Early access is free. Member Club will be $9.99/mo or $99/yr when paid plans launch — advance notice before any charge. See what's included →
← Back to Explore
NationalNationalcryptotech
Bitcoin Heavyweights Push Back Against BIP-110 Despite Ordinals Slowdown
Photo: Bastian Riccardi / Pexels · Pexels

Bitcoin Heavyweights Push Back Against BIP-110 Despite Ordinals Slowdown

💡 - For Bitcoin miners: A fork could temporarily alter fee structures; monitor revenue implications if BIP-110 gains traction. - For Ordinals traders and NFT investors: Declining activity suggests waning demand; consider exit strategies for positions tied to inscription-based projects. - For long-term Bitcoin holders: Stability of the network is a key value driver; Saylor and Back's opposition may bolster confidence in the status quo. - For crypto infrastructure startups: Regulatory ambiguity around forks may create opportunities for compliance or risk management tools.

Prominent Bitcoin advocates Michael Saylor and Adam Back have publicly criticized the BIP-110 proposal, which would create a temporary fork of the network. Their opposition comes even as Ordinals-related transaction volume has fallen sharply over the past two years, reducing the urgency for change.

A controversial proposal known as BIP-110 has drawn sharp rebukes from two of Bitcoin's most influential figures. Michael Saylor, executive chairman of MicroStrategy, and Adam Back, CEO of Blockstream, both voiced objections to the plan, which would implement a temporary fork of the Bitcoin blockchain. Their resistance adds significant weight to the opposition camp, given their outsized roles in Bitcoin's development and corporate adoption. The proposal is aimed at modifying how certain data, particularly from Ordinals inscriptions, is processed on the network. Ordinals, which allow users to embed data like images or text on individual satoshis, have sparked debate over Bitcoin's intended use as a peer-to-peer electronic cash system. Critics argue that the increased data load from Ordinals transactions clogs blocks and raises fees for ordinary transfers. However, the BIP-110 solution—a time-limited fork—is seen by Saylor and Back as too disruptive and potentially harmful to Bitcoin's stability and long-term consensus. The pushback persists despite a clear downturn in Ordinals-related activity. Transaction volumes linked to Ordinals have declined substantially from their peak levels in earlier years, suggesting that the network congestion concerns may be easing naturally. This drop in activity undermines the argument that urgent protocol changes are needed to protect user experience. For investors and businesses building on Bitcoin, the dispute highlights the ongoing tension between preserving the core network's simplicity and accommodating new use cases. The outcome could influence future development priorities and the regulatory or community-driven direction of the asset. Whether BIP-110 advances or stalls, the debate itself signals continued uncertainty around Bitcoin's protocol governance, a factor that can affect market sentiment.

Read the full story

Original reporting and related coverage — attribution links only, not paid recommendations.

Discuss this story

Trade this story

  • Robinhood logo
  • Hostinger logo

Partner links — OppHub may earn a commission at no extra cost to you.

Structured tickers, ETFs, hedges, and invalidation triggers from this story — not personalized advice.

Loading comments...